design. brian rights how about an app that makes you look like less of a nerd while wearing those silly things. i think google's probably working on that too. keep an eye on that. let's get back to headquarters, scott and the fast money halftime. carl, thanks. welcome to the halftime show. four hours to go until the close. and right there on the wall is where we currently stand. the dow is trying to go positive. still negative by about 7 points. s&p and nasdaq are still in the green. one well-known hedge fund manager tells you where he's finding the green. with apple breaking suld you be getting in? one trader says yes. the other one says no way.

will it be sell in may? or can the major averages which have already come so far reach even greater heights? we're trading the action with steven weiss. joe, get us started. big week ahead. we see where the rally has brought us to. where does it go next. >> big week ahead. we're closing out what's been a really good month despite lousy economic news. i liked the participation this week of technology. i remain long on using many s&p designs. the one move i have made today, crude oil, i've taken profits on that position. but we go into may with clearly a tail wind for the equity markets. >> fed begins its meeting, ecp this week. earnings, what do you do?

what are you doing today? >> today i'm not doing anything to. >> why. >> there's a lot of risk. i'm sitting with these guys. there's nothing more i need to to, scott. but i'm long in the market. here are the concerns. i'll be interested to hear what steve has to say, but i've not spoken to a person yet who doesn't believe that draghi's going to cut rates. >> why don't you get in front of that. >> i am. i'm long. if he doesn't, the market comes down. it may come down significantly. we've got a jobs number coming up. it wouldn't be the disastrous number we had, because there will be some snap back. in terms of the fed, there's no news with the fed. it's going to be just like it always was. we're going to maintain our approach. i'm not overly long, not fully

invested. i've one of those guys calling for a pull back. only a couple percent. >> a guy sent out a note asking whether risk is at risk. if the jobs disappoint big time, the word on the street seems to be that the jobs report is likely to be disappointing. what's that going to do to the rally? >> i don't think it's going to do much, scott. i think this is being propped up by the feds. any time you get a pull back, 1%, 2%, there's people hooking to buy the market. if we get a disappointment, yes, i think that would start a selloff. but why fight the market? why try to call a top? whether it's 1590, 1600. the market's telling you it believes in what's going on in

earnings. take ibm. they had not great earnings. within a week, it's right back up resuming its uptrend. i think the market right now, there's no reason to try to get too fancy here. we're in an uptrend. we're going to stay there until something breaks. >> the ecb waiting in the wings. we'll be closely watching. we'll bring in steve who has that part of the story and whether the traders are reading this whole thing correctly. i think it is a fair question to ask whether risk is really at risk, whether the rally peters out because stocks don't cooperate. >> you know, we did our fed survey, which is out today. and i'm seeing a good conversation happening between markets and the federal reserve. one thing i'd like to see, i'd like to see the feds stop tweaking communications now.

i think it's kind of working. what happened over the intermediate period, they pushed ahead their timing for when the fed is going to start to taper, when the fed will stop qe. in a wave that seemed commensurate with the economic data. that's the first thing that happened. the second thing is that the market seems to be correctly counting on fed stimulus. and i don't see a need to really tweak it, even though the fed seems to be in this endless communication tweaking pattern here. >> what happens if the communications somehow is tweaked. then you guys had have to tweak your own investment strategy. >> i think what's meant to the market is japan and europe. nothing the fed has to do. for the fed, it's steady as she goes. you have the fed governors come out and talk the talk. bottom line is they haven't done

anything new. everything's come from japan, their massive stimulus. >> i don't necessarily agree with you. i think one of the things affects the market is policy. the other pig thing that's happened is wall streetms to firmly believe now that qe will continue into 2014. we asked that question for the first time. and the average amount of qe expected in 2014 is now $370 billion. the stopping of qe doesn't happen until july. that number can move or that date can move back and forth dough pending onhe outlook for the unemployment rate and other economic figures. but that seems to be where the market is right now. >> if that's the truth then, if that bears out to be true, what the respondents to steve's survey say, then sell in may doesn't necessarily have to happen. >> no. >> why would it happen? >> sell in may doesn't have to happen. and i think the street is correctly looking to steve's point at the economic data right

now. and they are saying to themselves that there is actually a down side risk to inplace, which means the fed is staying way longer than you think. the trade-off of all that is, yes, you stay in equities, because the fed's going to stay. i go back to what i said yesterday. i actually believe the biggest opportunity -- you said this before -- 12 feet to the ceilr m ceiling. that's in the treasury market. you've got a yield at 1.66 right now. >> it strikes me, your down side is 2% or 2.1 or 2.25. and you're going to take that for ten basis points. if you're correctly protected, that's okay. that's your trade. to he, the town side looks lot more limited. >> our next guest says sell in may is a tried and true market

strategy. he's mark holbert. he's live from duke university. welcome to the half. >> thanks you. >> why's it going to work when so many people at our desk say no way. >> i'm not saying it's guaranteed to work. what i have said is the statistical basis for the sell in may is surprisingly strong. in fact it's incredibly strong. i know we all think of it as silly. why does the market follow a seasonal pattern. we've looked as far bass as history exists for those markets, in england, back to 1694, they have found evidence of this pattern all the way back. most of the patterns we talk about whether it's on cnbc or on wall street in general, most of them turn out to be no better than a coin flip.

and even those that are no better ha coin flip, turns out we found evidence of it as far long ago as 80 years ago. >> and how many of those instances, though, do you have central banks around the world fwreesing the wheels of global markets? >> if you want to make the point that today is somehow unique. of course, there is always going to be uniqueness in this period. but if you go back to 108 stock markets, of course you can find times when the central banks have been priming the pumps. the one thing i will say is no one knows why it should work. there have been lots of difft hi poth sees. the fact is simply it has worked and has worked incredibly will, including the last year. last summer period between mayday and halloween of last year, the market was actually down slightly. and of course since last

halloween the market is up the middle teens percent. an incredible period. does it mean you automatically go to cash? not necessarily. but it's a sobering message of the data. >> on one hand you're saying market timing doesn't work. on the other hand you're saying sell in may and go away. tell me when it is the success period is highlighted by when you get back again. okay you sell in may. when do you go et back in again. >> the sell in may indicator is also known as the halloween indicator which is to say that's the day you would presumably get back in the market. so the historical data i was talking about earlier suggests you get out of the market on the last day of april and get back into the market on the last day of october and stay in for the following six months. you can follow though without being a market timer at well. it turns out that the academics who have done the most work on

this finds that there are certain sectors that are immune to this pattern. consumer goods, technology and telecommunications. so there's also a strategy of simply shifting at the end of april to those sectors and then in halloween back to those sectors that have the greatest amount of sensitivity to the seasonal pattern. those tend to be manufacturing and production sectors. >> it's good to have you on the show today. thanks for coming on. >> so are we going dark until halloween? >> you could consider cutting exposure now, in may and coming back into the market in october. josh brown is here. >> do yourself a favor. don't make any trades based on holidays. just a public servant announcement. >> when you weren't here, they had a blank spot. that's the kind hazing you get

if you're late. >> financials are going to do well, technology is going to do well. if i could take that to the bank i'll stay on the market. >> he rattled off. >> 40% of the market. >> he rattled ovcon sumer goods, technology. >> what he said is don't be an index player. he may not know that's what he said, but that's what he said. good stocks, active stock management. >> what's the best way, steve, do you think we should look at what draghi, most people think will do in the coming days here? does your read say he's going to do what people say he should have been doing already? >> you know, the draghi pattern in this communication is not tested. we don't really know. from an experienced central bank watcher, i always watch the market take on an attitude and see if a central bank leans against it. from everything i can tell, there's been no leaning against

it and central bank holders have multiple communication methods of getting the word out. they have taken none of those opportunities. draghi could pick up the phone, give me a call, give any number of people a call and say you know what, you might want to have some doubt on this. what i don't understand is why you guys think it's good for u.s. stocks. wouldn't that tend to weaken the euro and strengthen the dollar if the ecb should get on board with this? >> are there things that you would buy if you take a look hat europe. >> deutsch bank is able to raise money. they're going to watch this offering go off by deutsch and they're going to say hey, maybe we should test the waters here. and a rate cut is supportive of that. forget about the dollar euro for 30 second the and think about what that could do for the financial system in europe if these banks could come with new

offerings. >> the issue is as you make european companies stronger by lowering rates then you increase die mand for chinese products. so too many companies have come on and said europe's weak. >> that's a changed attitude. and i think it's the right attitude. but we'll see if the market really embraces that attitude. >> coming up, more good news on the housing front. so why a downgrade for poll tee. when we come back rade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity.

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all right. welcome back. time for our top three trades now. first up is pfizer. the stock has done really well. what's going on. >> up 33% in the last 12 months. great call. got currency headwind right now with the japanese yen. second, you had a little bit of revenue weakness on some of their products here. what do you do with the stock? i say between 27.50 and $28 you give yourself a resting buy order. take a look at couple mins.

>> it comes into support around 104. if it holds that 104 range, i think it's telling you the market believes couplens. >> we were talking europen banks. you have a numberf upgreats. if you believed that draghi was going to cut rates, you could have bought this thing days ago. >> we talked about that a couple weeks ago. i suggested buying spanish banks. to me, it doesn't matter which banks you buy in europe. it's giving you the all clear that these banks can come to the market and raise equity. frankly, it doesn't matter how bad their balance sheets are if they november have to realize how bad they are. cover them up by keep raising hay sets. and if you get draghi raci rais

rates. >> clearly the market likes it. >> don't ever believe this company. if you believe them over the last few quarters, when they kept revising the arrestments down, now you see seasonality, guess what. seasonality, there are four seasons of the year. stocks should go lower. >> more evidence of the housing recovery. the closely watched case-shiller report. at the same time. one tomorrow analyst is cutting a big name in the sector. j.p. morgan joins us on the phone. >> caller: thanks for having me. >> probably the most glowingly written downgrade i've seen written in a while. >> caller: we try to be very clear that number one, we're still positive on the sector. and, you know, as the title

says, upside, there still is upside, but more in line with the group average. so this is a relative positions call as our ratings are, you know, employed at rell testify approach within a sector call. >> tell me then where you'd besting positioned other than this name, paul tee. >> earlier, lat last week rather, they put out strong numbers. those are top picks right now. we raised our average. the big drier for pulti is we think they've had great strides, made great strides, but that should actually continue. against our 16, 2016 earnings power, pulti is now at 8 times.

and rye land at a5.8. >> we know that the housing recovery. triple digit percentage point gains, year-to-date for so many of these names. mike murphy's on the desk today, you should know. and he's been very positive on the space, and i'm sure he's gonzales got something for you. >> just looking at the way these have gone. they seem to trade in tandem. do you think it's getting too cute to pull out a pulte? it's been a really tough game to play versus just buying a basket of them. do you agree? >> i agree to a point. if you look at the performance last year, you had pulte up, you

had others up 30%. relative valuation comes into play. last august we downgraded tull brothers. tull trading at roughly 12 times our normal earnings analysis and you can look at the performance there more flat as i think the market also looked at that as a limit in terms of the relative appreciation. and since august, the group is up ruffle 40%. >> good stuff. thanks for coming on today. really appreciate you talking about this downgrade you did today of pulte. >> homebuilder, buyer? yes or no? >> i've missed the entire move. totally afraid to get in here. same type of sentiment. >> murf's done a phenomenal job.

i don't think it's coming off for another year or two from private equity firms. >> the way they acted a week and a half ago during the market correction, it's one of the ugliest groups. they will be the first to exit at any price if in fact this market corrects. so i would not be jumping on this train at this point. it's done very well already. >> have you been on the train or off the train? >> we've been all over this, home depot, sherwin-williams, not the builders, but the companies who are benefitting from the builders. >> i had a buddy who put together a bunch of homes. he said it's the most overcrowded trade he's seep in his history of wall street. >> i could have said that six, 12 months ago. >> no name to drop on that one? >> no. none that you'd know. >> all right. let's hit the biggest pops and

drops. pitney bowes. >> they missed. they cut their dividend. you want to watch out when they say the declining growth has mod rated. i would not buy here. >> new mining? >> new 52-week low. there will be another 52 week low. in earnings missed from a miner, not surprising. you buy gold to get inflation. what's new? they're seeing cost inflation. >> murf talk to me about best buy. >> best buy made an announcement they were getting exiting in their european division. they're running up 10% on this news today. what a great time to take some money off the table. >> this is a fascinating situation. they've file add 9% stake. this is a really interesting oil services plays.

they provide both well side services and housing for oil workers on site. and there's talk about splitting it up. plus the company has a lot of cash they could use to buyback shares. >> take your positions we're going to take a look at chesapeake. our traders are going to weigh in next. man: how did i get here? dumb luck? or good decisions? ones i've made. ones we've all made. about marriage. children. money. about tomorrow. here's to good decisions. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your family's future? we'll help you get there.

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welcome back to the halftime report. i'm josh lipton. some unusual trading activity in shares of sim and tech. they fell 10% in less than a minute. at approximately 10:11, shares were trading at2440. trading at the low on no news. this is a $16 billion security

firm. somebody tweeted. shares right now down about 1.3%. >> sob call mark cuban quick. >> i don't know if simmen tech got a flash or what. to look at the stock, the stocks had a nice run, this has to be addressed. this problem where a company can lose this much market value in just under 60 seconds has to be addressed because no one's benefitting from this at all. >> let's move the conversation to chesapeake energy. its first reports and ceo stepped down. shares are down 5% since interim ceo stepped into the seat about a month ago. let's go around the horn. joe, what do you do with this battle? i guess i call it a battleground stock. >> company that continue does have to, have to sell assets.

you want to be on the other side of the trade by owning the names that they're selling the assets to. so we've highlighted some of those names, one of them being southwestern energy. i don't think this is a name that you play if you believe natural gas is going higher. the balance sheet has not been fixed yet. >> to me, this is nothing but a short. they can't sell a lot of their assets, because there are so many jvs in there. it's way too complicated. chesapeake has yet to write them down. they've got huge cap backs, huge debt. this company is still in a cash kruvgs. they are having problems bying in a new ceo. >> does anybody think it's worthy of an opportunity here? >> i think it's worthy, but when they announce earnings tomorrow, it as a great opportunity for the new maxment team to throw all the negatives out there.

let's see what they have to say. >> here's the problem. you only have 9% of the flow short. you need more people betting against it. and it's just not materializing yet. in the meantime, you have negative operating margins, negative profit margins. and it's a no man's land. even the bullish analysts that cover the stock, their targets are like22, 23. i think it's too early. >> the ten year yield hitting the loyest intra day level. 163 is where it touched earlier in the session. let's get to jackie. >> good afternoon. well, it's the third straight month of gains for bonds. but could bernanke break the bond rally tomorrow. that's the question. let's start talking futures now. anthony, you're at the nynex, what do you expect to hear. and what is it going to mean for

treasuries. >> i don't expect the fed to ease their easing program right now. i think it continues full steam ahead. what we're setting up for right now looks a lot like last summer. interest and bonds became a lot greater. i'm seeing a lot of the same thing today. it's not only the investors in the u.s. it's liquidity around the world. >> your opinion is no change in stance. watching stocks and bonds bs they tend to move in opposite directs. but not this year. not last year. how long is that going to last? which is going to crack first? >> this cannot last indefinitely. this is the new normal as investors all over the globe run for safety and yield. take a look at this chart. this market's been on a tear for the last 30 days. and really, i don't think the market's going to do much for the next, for today and tomorrow. until we get some kind of statement out of the fid and really with the weaker data, i'm

looking for just a little reference of that. i don't think it's going to move the bonds that much. and equities are low, they can still stay low. >> zip over to cnbc.com, vote in our poll. we've got a boiled call on apple and gold. former hedge fund manager will tell us which one he's buying and which one will see pain ahead. >> coming up, speaking of apple, apple on a run, but is the rally for real? we're going to debate it. two of our traders going head to head in one spirited debate just after the break. >> we're halfway through the trading day. next, citigroup, soda stream? what are we covering? google? gold? green mountain? we want to hear from you. and the judge will give your

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you see this? apple's up another 2%. but is it a true rally or just a blip? >> why are you a believer? >> i'm a believer right now because when they announced their earnings, and they announced their huge stock repurchase plan, upwards of $60 billion, that told me that the company is actually doing something with the cash. they're doing the right thing. now you've seen the stock starting to rally, get above the near term average. next area of support is around 460, 465. would be resis stance. if it gets through that, i think we see 500. if you look at this debt offering it's going to see a lot of press. apple's found a way to not have to bring cashbook from overseas and have to pay tax on it but where owe basically as much money as they want at next to nothing and be able to use that

cash to increase their stock repurchase and their dividend. >> and that's frankly the best move they've didn't no the last year, year and a half. >> here's the story on the company. i'm not saying you can't go up another 5%. but the fundamentals are the facts that they still have margins. let me give you margins, 20 mar20%. get into apple tv. samsung a's margin drops from 3.4% to2%. we saw qualcomm get hit. we still don't know what the products are. so right now -- >> i think that's why the stock sold off p 300 points. >> it sold off 300 points because everybody who owned it didn't know what they owned. >> apple has one thing they don't have. that and the infrastructure.

>> all right. all right. we're going to go to josh brown. you made the most compelling argument here on apple. sentiment has shifted. you've got to look at the technicals. we're all aware of the fundamental challenges. >> i asked the question yesterday. if we haven't bought apple on the decomplain, if we don't buy it here or around these levels. >>er this' going to return -- >> are we going to regret it in the months or years ahead. >> they're going to return $50 billion to shareholders. >> i'm asking an opinion. >> i think that's the right way to look at it. when a company is going to return that much in cash, and they can essentially finance themselves like the u.s. government can. >> how much apple do you own? did you buy it recently? >> i own some apple, but we haven't bought it row cently. >> tweet us at cnbc fast money. we're going to give you the

results of who you think won. meantime, the hunt for yield has pushed utilities to highs. one well-known hedge fund manager says he's found the next big play, and it's tech. dan niles joins us live on the phone. i want to get this to new strategy of yours. but first on apple. i'm sure you were listening to the debate we were just having. in fact, you've had a change of heart. do you want to reveal what you've done recently on apple? >> sure. as you know, we haven't liked apple since middle of last year when they started missing numbers. so you have to go back to the jean quarter. they missed that quarter. and the numbers have been consistently lower since the meddle of last year, partly because of a lot of what steve was talking about earlier, where the products aren't that good. margins have been compressing and et cetera. we've actually started buying apple stock the day before they reported, you know, bought them the next three days.

and built up to a full position during that period of time. and it really comes down to what you were talking about earlier in your segment, which is you look at u.s. treasuries. they are at 1.6%. you look at apple, they're going to return between dividends and stock buyback, ruffle 7% a year. and the good news is the earnings estimates have gotten cut in half from december to june. so unlike, you know, a year ago when everybody loved the stock despite the fact that numbers were continuing to come down, you actually have gone ahead and reset a lot of that. and you've not some potentially positive catalysts coming up with the worldwide developers conference on june 10th for example. and the other thing is on a froes margin basis, one thing that's gone unnoticed is that commodity prices is starting to come down again. and that was going up in the fourth quarter, which a lot of people decided to ignore.

and so that dropping, obviously flashes a big component in their cost structure. and you've got more capacity coming in to it. apple is all great invest. s start out as trades. and you see how the fundamentals evolved. >> i want to be clear here. it's a stock that you admit that you hated for an awfully long time. steve weiss is going to pull himself in a minute. but we'll continue. and now you've decided that now is the time to buy, given some of the financial moves that the company has made lately. did you feel like the question that we asked earlier, just a few moments ago that if you didn't get in at levels right around here that you and others with regret it down the road? >> it's not so much that. it's just looking at, you know, what is the company doing? so for years, they haven't returned any capital to shareholders. and tim cook, you know, as he

took over as ceo started a dividend policy, increased that tremendously to 100 billion. they're going to return $100 billion to you. and that's a big change. and so, you know, to me, at 400 bucks or so, it looked like a good spot given we have new products coming out later. it seemed to me like a good spot given their capital return strategy to buy it. don't get me wrong. if they weren't returning this much capital, i wouldn't own it. but when you've got a 7% return coming and the best you can get on u.s. treasuries is 1.6, and you've got new products, i think it's worth taking a shot. >> tech companies, there are a number of them that have and are likely to do so in the future, but you've tweaked your

investment style to take more advantage of the companies who are. and you say now we should probably pay more attention to the technology companies who are paying dividends rather than sort of the traditional ones that we always talk about, whether it's utilities, telecom or whatever. >> if you think back to earlier this year, china, if you think about the big picture, foreign exchange, global around 55 trillion. so within that, you had china earlier this year come out and say they were planning on finding innovative uses with their reserves. japan has the second largest at one point, said they're going to double their investments in epf.

>> the numbers. >> you've got central banks which are typically investing in treasuries, they're looking at things and going, well, you know, if i can get a 1.2% return in germany, but the dax is paying me, the nikkei dividend is 1.5. you've got all these guys looking for yield. you want to find good companies. you don't want to buy an ibm which blew up. you want to make sure the fundamentals are in good shape. >> do you regret the fact that you don't own microsoft right here? given what the stock's done? >> no. you have to make sure that the fundamentals are in good shape. i don't think anybody believes pc fundamentals are in good shape. >> you just said -- >> ibm just blew up.

orakle blew up. microsoft sounds great relative to the fact that numbers have come down. but enterprise fundamentals aren't good. >> i guess the companies there are taking better advantage of it are the ones who are going to succeed in the long run. >> exactly. that's what you need to look for. and i don't think microsoft is one of them. >> thanks for calling in. putting big data to work. more and more universities are setting up programs to get people prepared for this new and rising field. do you know that they pay an average of $117117 and a half p

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good afternoon, everybody. apple's big bond offering. it is onnon-financial corporati. what's the better play, though? apple bonds or apple shares? new flooding in the middle west. snow is on the way in may. what does it mean for ags like chorn, wheat and soybeans? why is wall street so pessimistic about the outlook? exclusive results of our cnbc fed survey on the day the fed is meeting. now we'll be right back with more "fast money" in a moment. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional

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herb greenberg has been following the story and joins us with his take. it's like an understatement. >> i've been following this company for years. it's been one of those, you've said there's not something right. the company comes out this morning, east coast time saying we'll report, our conference call is 8:00 in the morning. that effectively was something, whoa, this is pushing this thing out. they had news that was not that good. the ceo came out and said this was a disappointment. what they did not just results below expectations. gross margins collapse, organic

growth, they have a chart, just really going the wrong direction, actually down 5%. here's what's interesting. the company blamed poor sales execution. they also said weaker than expected contributions from acquisitions, which is a roll-up. this is a company that constantly grew through acquisition. then there was something else that was very important. they talked about the smartphone market. remember, they provide voice recognition software used in many smartphones, not the iphone, not the -- you know, but they came out and talked about royalty delays, which suggested a dispute there somewhere. they talked about -- they talked about consultation in the industry, and they talked about pricing pressure. if you go into the earnings hall, you see this great discussion, very candid, talking about the pricing pressure, and then he says they're getting competition, because companies are going after regional providers of equipment. this is very important.

he says these regional providers are pitting them up against this great company that's supposed to have such great i.p. negative outlook, negative call, you don't like it, icahn, carl icahn, has a 9% passive stake in nuance. now, what happens if the bull case at this point is that the bear case is so bad that icahn takes his passive to an active, he does something, the strategic alternatives are addressed in one way, maybe the negative news, you can spin it positively by thinking that something will happen now, because this stunk. >> scott, the company reportedly hired goldman sachs, that's the news from recent weeks. this is a company that's cobbled together a lot of different things that you could argue many -- >> you know what this reminds me

of? you remember the hot stocks were the navigation stocks like garmin and trimble, this is kind of like that when it gets more xhod advertised. >> herb, thanks. final trades when we come back. ♪ ♪ ♪ the new blackberry z10 with blackberry hub and flick typing. built to keep you moving. see it in action at blackberry.com/z10

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the act of soaring across an ocean in a three-hundred-ton rocket doesn't raise as much as an eyebrow for these veterans of the sky. however, seeing this little beauty over international waters is enough to bring a traveler to tears. we're putting the wonder back into air travel, one innovation at a time. the new american is arriving.

made a retirement plan, they considered all her assets, even those held elsewhere, giving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. welcome back. earlier we asked you to weigh in on the apple debate, deciding whether the bull or bear won. we've tallied the results. you said that mike murphy won the debate. >> he's got such a bigger family than me. it's just not fair. >> final trades. >> the equivalent of the airline trade, i like the hotels starwood or marriott. >> hig doing well on the heels of their earnings last night. >> talked about this a few times, intel, stay with it, it keeps working. >> we're buying the dip on pfizer. we'll probably buy more this afternoon. have a great rest of the day. court forget more "fast money"

tonight at 5:00 p.m. follow me on twitter. we're watching the market here as well. in fact the s&p 500 is now only a point -- only one point, thereabouts, from a new intraday high. "power lunch" starts right now. halftime is over. the second half is starting right now. >> ibond 101. we're going to look at apple's new way to make money and possibly your new way to make money from apple. details starting to come out regarding the apple i-offering. they talked about it on fast. we'll take you through it as well. new flooding in the middle west. there are very dramatic pictures. more rain is coming, and get this -- snow is on the way in may. what does it mean for corn, white, soy, the ag stocks? we'l t